Common use of Subsidiary Good Standing Clause in Contracts

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formed, as applicable, and is validly existing as a corporation, limited partnership, limited liability company or trust, as applicable, in good standing under the laws of the jurisdiction of its incorporation, has the corporate, limited partnership, limited liability company or trust power, as applicable, and authority to own its property and to conduct its business as described in the Disclosure Package, the Canadian Final Prospectus and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registration, except to the extent that the failure to be so qualified, registered or be in good standing would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formed, as applicable, and is validly existing as a corporation, limited partnership, limited liability company or trust, as applicable, in good standing under the laws of the jurisdiction of its incorporationincorporation or formation, as applicable, has the corporate, limited partnership, limited liability company or trust power, as applicable, and authority to own its property and to conduct its business as described in the Disclosure Package, the Canadian Final Prospectus Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registration, except to the extent that the failure to be so qualified, registered or be in good standing would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedincorporated, as applicable, and is validly existing as a corporation, limited partnership, limited liability company or trust, as applicable, corporation in good standing under the laws of the jurisdiction of its incorporation, has the corporate, limited partnership, limited liability company or trust power, as applicable, corporate power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date. The Trust does not have any subsidiaries;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2018, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2018 shall be deemed to have been acquired as of such date. The Trust does not have any subsidiaries;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2014, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2014 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2021, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2021 shall be deemed to have been acquired as of such date. The Trust does not have any subsidiaries;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2011, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2011 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formed, as applicable, and is validly existing as a corporation, limited partnership, limited liability company or trust, as applicable, in good standing under the laws of the jurisdiction of its incorporationincorporation or formation, as applicable, has the corporate, limited partnership, limited liability company or trust power, as applicable, and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registration, except to the extent that the failure to be so qualified, registered or be in good standing would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal year, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2016, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2016 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2017, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2017 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2020, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2020 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2013, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2013 shall be deemed to have been acquired as of such date;

Subsidiary Good Standing. Each of the Company’s Significant Subsidiaries has been duly incorporated or formedorganized, as applicable, and is validly existing as a corporation, limited partnership, a limited liability company or trusta limited partnership, as applicablethe case may be, in good standing under the laws of the respective jurisdiction of its incorporationincorporation or organization, has the corporate, limited partnership, limited liability company or trust power, as applicable, limited partnership power and authority to own its property and to conduct its business as described in the Disclosure PackageCanadian Final Prospectus, the Canadian Final Prospectus Disclosure Package and the U.S. Final Prospectus (or as presently conducted, if not so described therein) and is duly qualified or registered to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification or registrationqualification, except to the extent that the failure to be so qualified, registered qualified or be in good standing would not, individually or in the aggregate, be reasonably expected to not have a Material Adverse Effectmaterial adverse effect on the Company and its subsidiaries taken as a whole. Other than the Significant Subsidiaries, each of the other subsidiaries of the Company did not have (i) as of the last day of the Company’s most recent fiscal yearDecember 31, 2019, total assets in excess of 10% of the consolidated assets of the Company and its subsidiaries as at that date and (ii) for the fiscal year then ended, total revenues in excess of 10% of the consolidated revenues of the Company and its subsidiaries for such period. In making this determination, any subsidiary acquired after the last day of the Company’s most recent fiscal year December 31, 2019 shall be deemed to have been acquired as of such date;